Velodyne Lidar Correlations

VLDR
 Stock
  

USD 1.07  0.11  9.32%   

The correlation of Velodyne Lidar is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Velodyne Lidar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velodyne Lidar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Velodyne Lidar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Velodyne Lidar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Velodyne Lidar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Velodyne Lidar to buy it.

Moving together with Velodyne Lidar

+0.88COHRCoherent Symbol ChangePairCorr
+0.79TRMBTrimblePairCorr
+0.76ATAIATAI Life SciencesPairCorr

Moving against Velodyne Lidar

-0.55ADEAADEIA CORP Symbol ChangePairCorr

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

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Our tools can tell you how much better you can do entering a position in Velodyne Lidar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Velodyne Lidar Corporate Management

Elected by the shareholders, the Velodyne Lidar's board of directors comprises two types of representatives: Velodyne Lidar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Velodyne. The board's role is to monitor Velodyne Lidar's management team and ensure that shareholders' interests are well served. Velodyne Lidar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Velodyne Lidar's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kathryn McBeath - Chief OfficerProfile
Joseph Jellen - Chief OfficerProfile
Mark Weinswig - Chief OfficerProfile
Dr III - CEO DirectorProfile
Arun Vaidyanath - VP EngineeringProfile
Laura Wrisley - VP SalesProfile
Jon Barad - VP DevelProfile

Invested in Velodyne Lidar?

The danger of trading Velodyne Lidar is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Velodyne Lidar is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Velodyne Lidar. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Velodyne Lidar is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Also, please take a look at World Market Map. Note that the Velodyne Lidar information on this page should be used as a complementary analysis to other Velodyne Lidar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Velodyne Lidar price analysis, check to measure Velodyne Lidar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Velodyne Lidar is operating at the current time. Most of Velodyne Lidar's value examination focuses on studying past and present price action to predict the probability of Velodyne Lidar's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Velodyne Lidar's price. Additionally, you may evaluate how the addition of Velodyne Lidar to your portfolios can decrease your overall portfolio volatility.
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Is Velodyne Lidar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Velodyne Lidar. If investors know Velodyne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Velodyne Lidar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
280.4 M
Quarterly Revenue Growth YOY
(0.26) 
Return On Assets
(0.32) 
Return On Equity
(0.64) 
The market value of Velodyne Lidar is measured differently than its book value, which is the value of Velodyne that is recorded on the company's balance sheet. Investors also form their own opinion of Velodyne Lidar's value that differs from its market value or its book value, called intrinsic value, which is Velodyne Lidar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Velodyne Lidar's market value can be influenced by many factors that don't directly affect Velodyne Lidar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Velodyne Lidar's value and its price as these two are different measures arrived at by different means. Investors typically determine Velodyne Lidar value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Velodyne Lidar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.